Following various announcements made by Edcon over recent months in relation to the recapitalisation of the business, the Group has advanced the process sufficiently to provide a further update to all stakeholders. 

Fairvest Property Holdings Limited today again announced solid results for the six months to December 2018, with interim distributions increasing by 8.3% to 10.616 cents per share. 

Shareholders of Texton Property Fund have voted against the repurchase of shares in terms of the ‘Put Option’ related to Texton’s 2014 Broad-based black economic empowerment deal.

Broll Property Group (Pty) Ltd announced this morning that it has ended its affiliate partnership with US-based CBRE Group, Inc.

Monday, 10 December 2018 20:51

Acquisition of Investment Property

In keeping with the group’s strategy of investing across the broader European market, shareholders are advised that MAS, through a subsidiary of PKM Investments S.á.r.l., has acquired the Atrium Mall shopping centre in Arad, Romania from Cosmovia Holdings Limited, a member of the well-known Demjan Group based in Hungary.  

Growthpoint Properties continues to grow internationally with a further ZAR908 million investment in Australia.

Balwin Properties, the JSE’s only national large-scale developer of turnkey sectional-title apartments and surrounding infrastructure aimed at the mid- to upper market segment, today announced a strategic rental model initiative that will see it access its extensive land bank quicker and share in annuity rental and other income over the longer term. 

Divercity Urban Property Fund has turned the first sod of the Jewel City redevelopment in Joburg CBD.

MAS, through a wholly owned subsidiary, Flensburg Limited, has entered into a sale and purchase agreement to acquire a shopping centre located in Flensburg, Germany, from Commerzbank Aktiengesellschaft.

Preliminary results for the year ended 31 August 2018.

Page 5 of 18

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